Showing 1 - 10 of 37
Traditionally, financial systems have been bank-based or market-based. The efficiency properties of these systems are …, and law, finance and politics. Both systems have advantages and disadvantages. With regard to stability, both bank …
Persistent link: https://www.econbiz.de/10011626223
We analyse a model of financial intermediation in which intermediaries are subject to moral hazard and they do not invest socially optimally, because they ignore the systemic costs of failure and, in the case of banks, because they fail to account for risks which are assumed by the deposit...
Persistent link: https://www.econbiz.de/10011626217
estimated New Keynesian model with a bank. A key dimension of policy in the crisis was massive government support for banks … effects of bank asset losses, of government support for banks, and other fiscal stimulus measures, in the EA. Our results …
Persistent link: https://www.econbiz.de/10011590516
A model of loan rate competition with liquidity provision by banks is used to study bank mergers. Both loan rate … competition and liquidity needs are seen to be "localised" phenomena. This allows for tracing down the effects of particular types … of bank mergers. As such, we contrast the effects of "revenue base enhancing" mergers with the effects of mergers "for …
Persistent link: https://www.econbiz.de/10011625762
outside bank. In equilibrium, the borrower's ability to refinance depends both on the competitiveness of the local banking …, households are more likely to refinance externally if they already have a relation with more than one bank, but the effect is …
Persistent link: https://www.econbiz.de/10013443725
find that domestic competition does not seem to explain an excess or shortage of price changes at the sectoral level …
Persistent link: https://www.econbiz.de/10011597196
network of interbank exposures may lead to domino effects following the event of an initial bank failure. The structure of the …
Persistent link: https://www.econbiz.de/10011625775
This paper looks at the interplay of volatility and liquidity on the Euronext trading platform during the December 2, 2002 to April 30, 2003 time period. Using transaction and order book data for some large- and mid-cap Brussels-traded stocks on Euronext, we study the ex-ante liquidity vs...
Persistent link: https://www.econbiz.de/10011626249
Among the international policy institutions, the Bank for International Settlements (BIS) is known for its sensitivity … the BIS. The Bank's macro-prudential approach first came to the fore in the 1986 Cross Report. It defined the macro … that Alexandre Lamfalussy, who was at the BIS from 1976 to 1993, played a crucial role in shaping the Bank's approach to …
Persistent link: https://www.econbiz.de/10011597170
This paper provides a new cross-country evaluation of competitiveness, focusing on the linkages between productivity and export performance among European economies. We use the information compiled in the Trade module of CompNet to establish new stylized facts regarding the joint distributions...
Persistent link: https://www.econbiz.de/10011586224